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the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small business tax rates to about 25% or less. both large and small business. finally, president obama, please, ease up on all the regulations. i want to talk about this because nobody should be satisfied with 2% growth. let's talk to our friend dean baker from the center for economic and policy research. welcome to both of you. all right, dean, i think 2% is way too low. i think we should be striving for something that's more than twice and that history of america. why can't we get there? >> i agree that's way too low. your policies, they tried that unity, they're back in recession or maybe they're scraping along. that's n
the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small business tax rates to about 25% or less. both large and small...
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Jan 18, 2013
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aides to the number two senate republicans does not support giving president obama a blank check but told "houston chronicle" editorial board, "we will raise the debt ceiling. we are not going to default on our debt." he went on to say "i tell you unequivocally we are not going to default." cornyn notes there will be tax revenue coming in and said it may be necessary to partially shut down the government to secure the long-term fiscal well-being of the country. white house aides just want congress to get it done. >> the point is without drama and delay, monthly extension is drama. okay? so congress should do its job. we're not going to negotiate over extending the debt ceiling. >> though the house is planning something short-term to force the senate to the a budget. >> just the structure, moving something on a shorter term, what we are discussing is something that all could support. it's reasonable. but also very constructive for america themselves. >> spokesman for the senate majority leader harry reid says if the house pass a clean debt ceiling incress, the senate will be happy to
aides to the number two senate republicans does not support giving president obama a blank check but told "houston chronicle" editorial board, "we will raise the debt ceiling. we are not going to default on our debt." he went on to say "i tell you unequivocally we are not going to default." cornyn notes there will be tax revenue coming in and said it may be necessary to partially shut down the government to secure the long-term fiscal well-being of the country....
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the answer, the country chose obama, he gets four years. want to save the republic? win the next election. liz, if charles krauthammer recommending the gop be less intransigent, do you think inside those meetings going on this weekend there will be some message, some form of that message? >> look, i think there's an amazing amount of soul searching going on within the republican party right now. and it's a troubled time for the party because there is no single standard bearer. it's not as if there's one leader who is charting a course and saying, yes, we're going to compromise or no, we're not. and -- and so, you know, the fact remains in the last two national elections presidential elections, the republicans lost. so they've got to figure out a way to listen to those voters who, you know, decide close elections. it's the middle of america. and the middle of america has said repeatedly, get something done. we'll see if the republicans listen. >> and alex, you know, they've brought in a pollster this weekend, they want to talk about, for example, how to appeal to wome
the answer, the country chose obama, he gets four years. want to save the republic? win the next election. liz, if charles krauthammer recommending the gop be less intransigent, do you think inside those meetings going on this weekend there will be some message, some form of that message? >> look, i think there's an amazing amount of soul searching going on within the republican party right now. and it's a troubled time for the party because there is no single standard bearer. it's not as...
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you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not passed a budget and 1,361 days. let me get a comment. it would stop pay to members of congress if they don't do some of these things, if they don't get a budget resolution. you in favor of that? >> i think it's a good idea for two reasons. senators have not been doing democratic leaders have not been doing their job for a long time. they should not get paid. if they're not willing to do it, the senate should vote them out of posit
you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate...
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Jan 18, 2013
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they pegged it at $295 million, up 7% in the four years since president obama moved in. zillow figures the place would rent for $1.75 million per month. >> per month? >> that's their estimate. >> if it was in new york, it would be triple that. >>> here's some numbers that are easier to fallow. atms that can crank out a $1 and $5 bill, with chase banks. it can give customers an exact amount in exact denominations they want. it's part of chase's move to have the atms do what tellers used to do. >> you want singles or some fives. >> especially when you have $4 in your checking account. can't take out a $20. >>> when we come back, energy drink blowback. a major city banning the liquid caffeine bombs. >>> terror on the track. startling video of a man that walks up a woman and brutally tosses her off the platform. everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. hd 8.ainall over my body. it ldn't go away. my doctor diagno
they pegged it at $295 million, up 7% in the four years since president obama moved in. zillow figures the place would rent for $1.75 million per month. >> per month? >> that's their estimate. >> if it was in new york, it would be triple that. >>> here's some numbers that are easier to fallow. atms that can crank out a $1 and $5 bill, with chase banks. it can give customers an exact amount in exact denominations they want. it's part of chase's move to have the atms do...
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Jan 18, 2013
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graffiti cost san francisco more than $20 million each year. back in the '90s san francisco created an anti graffiti task force and this is develop the database catalog the graffiti in the terminal was responsible for each tagging. >> president obamas second inauguration is days away, but did not expect a pop and pageantry you saw the first time around. >> this year it'll be scaled down. >> only 900,000 people are attending which is half as many people as 2009. the years preparations have been replete with rehearsals with stand in its plan the president, vice president, and chief justice. >> the real president will have to swearing in spirit a public ceremony on monday, a private one the day before. he will use to bibles, one owned by abraham lincoln, the other by martin luther king jr.. >> 7:37 a.m. will be back in a couple of moments to start off your friday morning and get you into the weekend. we have our memount tam cam. we have no wind as of now and the camera is showing you all of the sunshine. for the new mattress models but sleep train
graffiti cost san francisco more than $20 million each year. back in the '90s san francisco created an anti graffiti task force and this is develop the database catalog the graffiti in the terminal was responsible for each tagging. >> president obamas second inauguration is days away, but did not expect a pop and pageantry you saw the first time around. >> this year it'll be scaled down. >> only 900,000 people are attending which is half as many people as 2009. the years...
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today is michelle obama's 49th 49th birthday. she changed her twitter identity to floats which is first lady of the united states. they promise updates. it replace as previous account under michelle obama. >>> ktvu will have live coverage of president obama's inauguration sunday. look for live reports starting with mornings on 2. >> all of boeing 787 dreamliners aircraft around the world are now grounded as investigators look into two battery fires. ktvu's consumer editor tom vacar joins us with evidence on what could happen to these batteries. >> reporter: indeed. lithium batteries are everywhere. cell phone, laptops, power tools but should they be powering airlines. >> reporter: boeing picked lithium batteries for its dreamliners. >> they store a lot of energy in a small volume and light weight. they were able to use more battery electricity. >> reporter: here is the danger. from march of 1991 to last year, 132 batteries got fire. those batteries are tiny compared to the dreamliners. >> it is a risky proposition. >> reporter: i
today is michelle obama's 49th 49th birthday. she changed her twitter identity to floats which is first lady of the united states. they promise updates. it replace as previous account under michelle obama. >>> ktvu will have live coverage of president obama's inauguration sunday. look for live reports starting with mornings on 2. >> all of boeing 787 dreamliners aircraft around the world are now grounded as investigators look into two battery fires. ktvu's consumer editor tom...
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president obama has said he is willing to make minor adjustments. house republicans want severe cuts to stop the increase of medicare spending. the employment picture remains mixed around the globe. many employers in brazil, india, russia, china and the u.s. expect to add staff in 2013, according to careerbuilder. but europe will feel the pinch of austerity. a third of employers in italy expect to reduce staff this year, and hiring will stay flat in france. the u.k. and germany are slightly more optimistic, predicting a small uptick in job growth. get out your rulers, subway's footlong sub may be just shy of its advertised size. an australian man posted a picture on facebook showing the footlong sub at just 11 inches. the photo sparked controversy worldwide. subway has not yet responded. still to come, traders reveal tech stocks to buy as more pc users get unplugged? traders wire in late in the show. but first, is the end near for your local hardware store? paul eggers reports on big box chain versus independent hardware guys, next. reports say chin
president obama has said he is willing to make minor adjustments. house republicans want severe cuts to stop the increase of medicare spending. the employment picture remains mixed around the globe. many employers in brazil, india, russia, china and the u.s. expect to add staff in 2013, according to careerbuilder. but europe will feel the pinch of austerity. a third of employers in italy expect to reduce staff this year, and hiring will stay flat in france. the u.k. and germany are slightly...
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. >> president obama is a inauguration day is just away. but do not expect the same pageantry that you saw the first time around. this year it will be scaled down. only 900,000 people are scheduled to attend. this year's preparation is have been replete with rehearsals-withstand-ends played the president, vice president, chief justice. the real president will have to swearing ins, a public ceremony on monday, a private one the day before. he will use to bibles, one owned by abraham lincoln, the other by martin luther king jr.. >> coming up on kron4 morning news. thousands of people will get to have moon bay this weekend to watch the pros compete in the mavericks' international surfing contest. >> the australian summer is heating up, making it tougher firefighters to battle these raging wildfires. >> we are learning more about the bay area's first flute related deaths of the season. santa clara county health officials say that the victim was 98 years old. she died earlier this month. she also suffered from a variety of other chronic illnesse
. >> president obama is a inauguration day is just away. but do not expect the same pageantry that you saw the first time around. this year it will be scaled down. only 900,000 people are scheduled to attend. this year's preparation is have been replete with rehearsals-withstand-ends played the president, vice president, chief justice. the real president will have to swearing ins, a public ceremony on monday, a private one the day before. he will use to bibles, one owned by abraham...
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aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will either need to provide their employees with expensive health care coverage or pay $2,000 to $3,000 penalty. that's why businesses of all sizes are searching for ways to cope with this law, and the easiest way to avoid paying these expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they have to work for 12 months. they are more likely to hire temp employees. you will try to have fewer than 50 full-time employees so you don't have to rely on obama care. and small businesses aren't alone in not wanting to cover health care costs. if you are a larger business, you'll be much more likely to hire temporary workers rather than full-time employees to avoid paying more for health insurance. even though obama care only kicks in starting in 2014, did you know companies need to start making these adjustments now? because the law has what's known as a 1
aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will either need to provide their employees with expensive health care coverage or pay $2,000 to $3,000 penalty. that's why businesses of all sizes are searching for ways to cope with this law, and the easiest way to avoid paying these expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they have to work for 12 months. they are more likely...
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that's up about 7% since the obamas moved in four years ago. values are up 13% over that same period. the white house and value peaked at just under $300 million in july of 2006. sounds nice. >> needed that. seema mody at cnbc. >>> president obama and the first lady left the white house to celebrate michelle's 49th birthday in georgetown. they dined with friends. >> they'll in the something different about the first lady. the white house released this photo of mrs. obama earlier which shows her new bangs more clearly. >> it is friday so the inauguration a couple days away. doing trivia with tom. >> what else do we have? >> what was the coldest one in what was the warmest one. today's question is what was the snowiest inauguration. was it 3 inches, 8 inches or 19 inches. a, b or c, aaron sm. >> me first. >> multiple choice. >> i'll do b, 9. >> i'll go with c. >> b is 8 inches. you're going with c. 19. >> the answer is aaron, would you like to choose what was behind door number three for the win? >> it was on the john f. kennedy's inaugural. 1961
that's up about 7% since the obamas moved in four years ago. values are up 13% over that same period. the white house and value peaked at just under $300 million in july of 2006. sounds nice. >> needed that. seema mody at cnbc. >>> president obama and the first lady left the white house to celebrate michelle's 49th birthday in georgetown. they dined with friends. >> they'll in the something different about the first lady. the white house released this photo of mrs. obama...
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your 15-year-old self must be dying to know how. we'll tell you. back to you scott and the halftime crew. >> thanks so much. see you at the top of the hour. how low will the yen go? japanese stocks ripping again today. the yen continues to plunge against the dollar. should you bet against this trend? let's bring in kathy. this trade is not over. >> i don't think so. i think you are standing in front of the dollar/yen move and trying to short it is like trying to stand in front of a run away train. it is headed higher ahead of the boj meeting next week. >> early in the week, yeah? >> yes. it is going to be on tuesday in japan so i think that today we've seen a little yen weakness. on monday we'll continue to see a bit of yen weakness and maybe another break above the 90 level before the boj meeting. >> 90 is a key place for you in this trade. give us the levels. >> it is. basically i'm looking to come in dollar/yen and to pick up the currency and a little bit of a dip at 89.50 so not far from current levels. with the stock at 88 and i want to go hal
your 15-year-old self must be dying to know how. we'll tell you. back to you scott and the halftime crew. >> thanks so much. see you at the top of the hour. how low will the yen go? japanese stocks ripping again today. the yen continues to plunge against the dollar. should you bet against this trend? let's bring in kathy. this trade is not over. >> i don't think so. i think you are standing in front of the dollar/yen move and trying to short it is like trying to stand in front of a...
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. >> four years ago we witnessed the first inauguration of president obama. in november america decided one term just wasn't enough. ♪ do that to me one more time ♪ >> this time around stephanie miller are coming to make this a party d.c. will never forget. the sexy liberal comedy tour starring hal sparks, john fugelsang, aisha tyler, and the goddess of liberals stephanie miller will perform live at the warner theater in washington, d.c. tickets are available at ticketmaster.com. if you want to skip the fees stop by the warner theater box office. the tea baggers lost in november, so stephanie is going to do her thing before the inaugural ball. that's the stephanie miller sexy liberal comedy tour live in d.c. on inauguration weekend. for more information go to sexyliberal.com. >> stephanie: wa hoo! ♪ it's schechner again ♪ >> good morning. >> stephanie: good morning. i said you are a helper, if you would dress like a hooker, jim will perk right off. >> i know i'm such a bad packer. >> i have nothing in my suit yet. >> you are pushing it. >> i'm a dude.
. >> four years ago we witnessed the first inauguration of president obama. in november america decided one term just wasn't enough. ♪ do that to me one more time ♪ >> this time around stephanie miller are coming to make this a party d.c. will never forget. the sexy liberal comedy tour starring hal sparks, john fugelsang, aisha tyler, and the goddess of liberals stephanie miller will perform live at the warner theater in washington, d.c. tickets are available at...
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obama care was going to be the law of the land, then who our president was going to be, and then last piece in the puzzle, which unfortunately is going to take a little while to figure out is the fiscal cliff because the next component of it is going to be the debt ceiling. so i mean it is going to create some uncertainty. if we get into real tension negotiations, you know, it could be ugly again, and i don't see a big huge drop, but we could see a lot more volatility. liz: dan is tuning out anyway because he has a whole bunch of picks that he hopes will have the same type of return that he had for six months on genesse wyoming. your first pick is down 10% over the past year, it's an aerospace pick. >> one of my best analysts did great work on this. it's been a holding on us. owned more and owned less. great longer term holding. they've hit some speed bumps, but we feel comfortable as they're in a good position as the aerospace area continues to grow. they sell into airbus and other boeing products as well. liz: they are covered. >> they are more than covered. liz: you have two financ
obama care was going to be the law of the land, then who our president was going to be, and then last piece in the puzzle, which unfortunately is going to take a little while to figure out is the fiscal cliff because the next component of it is going to be the debt ceiling. so i mean it is going to create some uncertainty. if we get into real tension negotiations, you know, it could be ugly again, and i don't see a big huge drop, but we could see a lot more volatility. liz: dan is tuning out...
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. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of poverty. i think it result in great progress we made in the world. a hundred years ago 85% of people alive lived on less than $1 a day. average life span, 30. now across the world, 68. 78 in the united states. that's due it capitalism. that's due to business. i would like to see healthcare based on free enterprise capitalism. instead it has moved to greater government control, which saps innovation, doesn't give us choices or innovations. i would much rather see a safety net for poor people so everyone can afford healthcare, but let the markets work. we have crony capitalism
. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of...
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only 34% expect economic real growth this year. only 36% have confidence in president obama's leadership. so, you're negative. the market is not. whole foods chief john macky, a little hot water after comments he made in a radio interview on obamacare. what he said, technically speaking it's more like fascism, socialism is where the government owns the means of production, in fascism the government doesn't own the means of production, but they control it and that's what's happening with our health care program. mackie says he regrets using the word fascism and clarified on fox and friends. >> mostly i was trying to describe obamacare, free enterprise capitalism which allows value tri exchange between businesses and individuals and it's the basis for prosperity in america, and allows innovation, creativity, freedom of choice. we're moving away from that, so, trying to let people see that that's probably not going to be as effective as if capitalism itself was allowed to work in the marketplace. stuart: that's interesting, government
only 34% expect economic real growth this year. only 36% have confidence in president obama's leadership. so, you're negative. the market is not. whole foods chief john macky, a little hot water after comments he made in a radio interview on obamacare. what he said, technically speaking it's more like fascism, socialism is where the government owns the means of production, in fascism the government doesn't own the means of production, but they control it and that's what's happening with our...
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that's up about 7% since the obamas moved in four years ago and the white house's value peaked at just under $ 00 million in july 2006. given that that was the top of the property boom, pretty impressive that we're not that far off. we want to know, how much do you think the white house is really worth? join the conversation here on "worldwide exchange." get in touch with us, entertain me while ross is away. worldwide@cnbc.com. tweet us, @cnbcwex or @kelly evans. >>> next, u.s. planes will reportedly land in -- i'm sorry, u.s. planes have erroredly landed in algeria as hostage takers remain holed up in a gas complex. we will bring you the latest as we come back. >>> let's take a look at how european equities are right now. advancers generally outpacing decliners. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shippin
that's up about 7% since the obamas moved in four years ago and the white house's value peaked at just under $ 00 million in july 2006. given that that was the top of the property boom, pretty impressive that we're not that far off. we want to know, how much do you think the white house is really worth? join the conversation here on "worldwide exchange." get in touch with us, entertain me while ross is away. worldwide@cnbc.com. tweet us, @cnbcwex or @kelly evans. >>> next,...
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this year, the house at 1600 pennsylvania avenue is valued at $294.9 million. that includes 55,000 square feet, 35 bathrooms, 16 bedrooms and 18 acres of prime real estate. zillow also calculated how much the obamas could get if they rented out the white house. that's about -- i'm choked up on this. $1.75 million for rent for the white house. >> a lot of money. president obama. >> couple islands. president obama and the first lady left the white house to celebrate the first lady's 49th birthday in georgetown. they dined with friends at cafe milano last night. she sent out a tweet thanking everybody for the wishes. she debuted a new hairstyle in time for the inauguration. the white house released this photo with her new >>> a
this year, the house at 1600 pennsylvania avenue is valued at $294.9 million. that includes 55,000 square feet, 35 bathrooms, 16 bedrooms and 18 acres of prime real estate. zillow also calculated how much the obamas could get if they rented out the white house. that's about -- i'm choked up on this. $1.75 million for rent for the white house. >> a lot of money. president obama. >> couple islands. president obama and the first lady left the white house to celebrate the first lady's...
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this year it will be scaled down. only 900,000 people are attending which is half as many people from 2009. this years corporations have been replete with rehearsals-withstand-n play is the president, vice president, chief justice. the real president will have to swearing ins a public ceremony on monday, a private one of the day before. he will use to bibles " one owned by abraham lincoln, the other by martin luther king and junior. >> you will be able to watch the up inauguration ceremony live door of the kron 4 morning news on monday. it will started 8:30 a.m. in ♪ 24-7 bay area newsl starting using robotics and mobile technology, verizon innovators have made it possible for teachers to teach, and for a kid... nathan. tadpole. ... to feel like a kid again. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. >> apple has received a petition to have a national rifle association game apple removed. critics say that that act is both inappropriate and insensitive. saith the
this year it will be scaled down. only 900,000 people are attending which is half as many people from 2009. this years corporations have been replete with rehearsals-withstand-n play is the president, vice president, chief justice. the real president will have to swearing ins a public ceremony on monday, a private one of the day before. he will use to bibles " one owned by abraham lincoln, the other by martin luther king and junior. >> you will be able to watch the up inauguration...
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what is going to happen over the next four years? searing for a bank designed for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all e value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit ches with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no wonder schwab bank has grown to over 70 billion in assets. tdd#: 1-800-345-2550 so if you're looking for a bank that's in your corner, tdd#: 1-800-345-2550 not just on the corner... tdd#: 1-800-345-2550 call, click or visit to start banking with schwab bank today. tdd#: 1-800-345-2550 ♪ chances are you've become, a better driver over the years. and one company thinks your auto insurance rates should get better too. presenting the aarp auto insurance program from the hartford. i'm a good driver. have been for years. it just makes sense that bett
what is going to happen over the next four years? searing for a bank designed for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all e value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit ches with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no...
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president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in hand as he goes into the budget talks. so does this final number that i want to run through, which is if the budget talk fails, the debt limit is not raised and if there are consequences for the united states not meeting its obligations, who would you blame? 45% say they would blame republicans in congress. only 33% say they would blame pb and democrats. the bully pull pit has some value. democrats have a better image with the american people than republicans do. but nobody has a great image right now. and when we asked people, joe, the recent budget talks in was
president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in...